# Tag Info

$$\textbf{Preface}$$ I am assuming log normal asset but this is not clear from the question? Or rather I have misinterpreted the question! Well as I see it from a a purely mathematical exercise $$d\left(\dfrac{S_t}{M_t}\right) =\frac{1}{M_t}dS_t - \frac{S_t}{M_t^2}dM_t +O(dt^2)$$ using Ito's lemma. Then we can sub in the original processes yields ...